Bannari Amman Spinning Mills logo

Bannari Amman Spinning Mills MD, chairman, board of directors and AGM

NSE: BASMLBSE: 532674Textiles & ApparelsSmall Cap

Last close ₹20.02down ₹0.61 (2.96%)BSE ₹20.08

Share price at the NSE close on 23 Oct 2026. Previous close ₹20.63.

52-week range of traded prices to 23 Oct 2026
₹17.05Low, 30 Mar 2026₹31.90High, 27 Nov 2025
Market cap
₹160 Cr2,445th largest listed
P/E
7.0
P/B
0.3
Dividend yield
1.25%
ROE
5.1%
ROCE
6.1%
Debt to equity
0.84
Volume, NSE
54,60267.5% delivered

Bannari Amman Spinning Mills board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSANGAMPALAYAM VEDANAYAGAM ARUMUGAM
  • Company SecretaryN Krishnaraj

9 directors6 independent1 executive2 non-executive

  • SANGAMPALAYAM VEDANAYAGAM ARUMUGAM · Chairperson and managing directorExecutive · joined May 1993 · reappointed Jun 2026 · 0 months as independent · 1 listed board · 1 committee seat
  • THARANIPATHY RAJKUMARIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
  • SANGAMPALAYAM KANDASAMI SUNDARARAMANNon-executive · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 5 listed boards · 2 as independent · 7 committee seats, 3 as chair
  • RAMAKRISHNAN PADMANABHAN KOLLENGODEIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 1 listed board · 1 as independent · 3 committee seats, 3 as chair
  • PRIYA BHANSALIIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 3 as chair
  • SADHANA VIDHYA SHANKARIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • R SHANMUGAVELAYUTHAMIndependent · joined Nov 2025 · reappointed Dec 2025 · 7 months as independent · 1 listed board · 1 as independent
  • KULANDAI SAMY GOUNDER SADHASIVAMNon-executive · joined Aug 2014 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • C SIVASAMYIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 2 listed boards · 2 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • S SIHAMANI, left 28 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 15 Jun 20265 of 9 present3 independent · 16 days in between
    • 29 May 20268 of 9 present5 independent · 103 days in between
    • 14 Feb 20269 of 9 present6 independent

  • Audit Committee

    Chair RAMAKRISHNAN PADMANABHAN KOLLENGODE

    KULANDAI SAMY GOUNDER SADHASIVAM, PRIYA BHANSALI, SADHANA VIDHYA SHANKAR

    • 15 Jun 20263 of 4 present2 independent · 16 days in between
    • 29 May 20264 of 4 present3 independent · 103 days in between
    • 14 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair PRIYA BHANSALI

    KULANDAI SAMY GOUNDER SADHASIVAM, RAMAKRISHNAN PADMANABHAN KOLLENGODE

    • 29 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair RAMAKRISHNAN PADMANABHAN KOLLENGODE

    SANGAMPALAYAM VEDANAYAGAM ARUMUGAM, KULANDAI SAMY GOUNDER SADHASIVAM

    • 29 May 20263 of 3 present1 independent · 103 days in between
    • 14 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair SANGAMPALAYAM VEDANAYAGAM ARUMUGAM

    RAMAKRISHNAN PADMANABHAN KOLLENGODE, KULANDAI SAMY GOUNDER SADHASIVAM

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • P.N.RAGHAVENDRA RAO & COPeer-review certificate valid to Aug 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bannari Amman Spinning Mills AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bannari Amman Spinning Mills dividend history

Annual general meeting, 10 Aug 2026

24,135 shareholders on the register on 3 Aug 2026; present: 2 promoters and 87 others; votes counted by R Dhanasekaran / R Dhanasekaran Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Approval of Financial Statements both Standalone and Consolidated for the year ended 31st March 2026, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.88%

    Turnout: all 49.84% · promoters 100.00% · institutions 48.73% · other public 0.43%

  2. Declaration of dividend on equity shares
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.88%

    Turnout: all 49.84% · promoters 100.00% · institutions 48.73% · other public 0.43%

  3. Appointment of Director in the place of Sri K Sadhasivam, (DIN 00610037) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.88%

    Turnout: all 49.84% · promoters 100.00% · institutions 48.73% · other public 0.43%

  4. Re-appointment of Sri S V Arumugam, (DIN 00002458) Managing Director for a further period of 3 years and payment of remuneration.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.88%

    Turnout: all 48.78% · promoters 97.86% · institutions 48.73% · other public 0.43%

  5. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) (Membership Number F-6384) for the year ending 31st March, 2027.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.88%

    Turnout: all 49.84% · promoters 100.00% · institutions 48.73% · other public 0.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2025, 1 resolution

25,499 shareholders on the register on 14 Nov 2025; votes counted by R DHANASEKARAN / R Dhanasekaran Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Appointment of Sri R Shanmugavelayutham(DIN 01205640) as an Independent Director
    Special
    99.92% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 35.24%

    Turnout: all 49.74% · promoters 100.00% · institutions 39.53% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Jul 2025, 1 resolution

25,683 shareholders on the register on 30 Jun 2025; votes counted by R DHANASEKARAN / R Dhanasekaran Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Issuance of Warrants Convertible into Equity Shares to the Persons belonging to the “Promoter and Promoter Group" Category on Preferential basis
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.71%

    Turnout: all 49.66% · promoters 100.00% · institutions 23.49% · other public 0.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Jul 2025, 4 resolutions

25,760 shareholders on the register on 14 Jul 2025; present: 2 promoters and 99 others; votes counted by R Dhanasekaran / R Dhanasekaran Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Approval of Financial Statements both Standalone and Consolidated for the year ended 31st March, 2025, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.00%

    Turnout: all 49.59% · promoters 100.00% · institutions 52.85% · other public 0.07%

  2. Appointment of Director in the place of Sri S V Arumugam, (DIN 00002458) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.00%

    Turnout: all 49.59% · promoters 100.00% · institutions 52.85% · other public 0.07%

  3. Appointment of Mr R Dhanasekaran, Practicing Company Secretary as a Secretarial Auditor for a term of 5 consecutive years from 1.4.2025 to 31.3.2030
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.00%

    Turnout: all 49.59% · promoters 100.00% · institutions 52.85% · other public 0.07%

  4. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.00%

    Turnout: all 49.59% · promoters 100.00% · institutions 52.85% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Oct 2024, 4 resolutions

The company's voting result (opens in a new tab)

  1. Issuance of Equity Shares to the persons belonging to the “Promoter and Promoter Group” and “Non-Promoter Group” category on Preferential basis
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.26%

    Turnout: all 55.68% · promoters 100.00% · institutions 0.00% · other public 0.77%

  2. Appointment of Sri Tharanipathy Rajkumar (DIN 00048665) as an Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.73%

    Turnout: all 55.68% · promoters 100.00% · institutions 0.00% · other public 0.77%

  3. Appointment of Sri S K Sundararaman (DIN 00002691) as a Non-Executive Non-Independent Director
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.71%

    Turnout: all 55.68% · promoters 100.00% · institutions 0.00% · other public 0.77%

  4. Appointment of Smt Sadhana Vidhya Shankar (DIN 10753375) as an Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.71%

    Turnout: all 55.68% · promoters 100.00% · institutions 0.00% · other public 0.77%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Aug 2024, 6 resolutions

Present: 2 promoters and 124 others.The company's voting result (opens in a new tab)

  1. Approval of Financial Statements both Standalone and Consolidated for the year ended 31st March, 2024, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

  2. Appointment of Director in the place of Sri S V Arumugam, (DIN 00002458) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

  3. Appointment of Sri K P Ramakrishnan (DIN 07029959) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

  4. Appointment of Smt Priya Bhansali (DIN 00195848) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

  5. Appointment of Sri K Sadhasivam (DIN:00610037) as a Non - Executive, Non - Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

  6. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.58%

    Turnout: all 55.37% · promoters 100.00% · institutions 0.00% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Mar 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Increase of Authorised Share Capital and alteration in the Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.94%

    Turnout: all 55.48% · promoters 100.00% · institutions 21.72% · other public 0.24%

  2. Alteration in Object Clause of the Memorandum of Association
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.70%

    Turnout: all 55.48% · promoters 100.00% · institutions 21.72% · other public 0.24%

  3. Approval for disinvestment in the equity shares of Material Subsidiary VIZ., Young Brand Apparel Private Limited
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 100.00% · other public 11.38%

    Turnout: all 55.48% · promoters 100.00% · institutions 21.72% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2023, 5 resolutions

Present: 2 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Approval of Financial Statements both Standalone and Consolidated for the year ended 31st March, 2023, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.25%

    Turnout: all 55.43% · promoters 100.00% · institutions 33.83% · other public 0.07%

  2. Appointment of Director in the place of Sri S V Arumugam, (DIN 00002458) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.28%

    Turnout: all 55.43% · promoters 100.00% · institutions 33.83% · other public 0.07%

  3. Re-appointment of Sri S V Arumugam, (DIN 00002458) Managing Director for a further period of 3 years and payment of remuneration
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 5.28%

    Turnout: all 54.36% · promoters 98.08% · institutions 33.83% · other public 0.07%

  4. Appointment of Sri C Sivasamy (DIN 00002921) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.29%

    Turnout: all 55.43% · promoters 100.00% · institutions 33.83% · other public 0.07%

  5. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.29%

    Turnout: all 55.43% · promoters 100.00% · institutions 33.83% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.